Mr. Steven Schurman reports

Running Fox Resources Corp. has completed a private placement financing and issued 900,000 units for 20 cents per unit, with each unit comprising a common share and a share purchase warrant exercisable at 30 cents for 18 months. There are standard TSX Venture Exchange four-month resale restrictions on the shares and warrants expiring on March 8, 2012. Proceeds from the financing will be used for exploration at the company's Brett gold project and for corporate purposes.